---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-216641"
form_type: "8-K"
ticker: "CDAQF"
cik: "0001851909"
company_name: "Compass Digital Acquisition Corp."
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:31:38.755863+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Compass Digital Acquisition Corp. announces change of sponsor and entire board; new team led by Daniel Hennessy

## Summary
- HCG Opportunity to acquire 3,093,036 Class B shares and 3,000,000 private placement warrants from Sponsor.
- Current directors and officers resign; new appointments: Daniel Hennessy (Chairman), Thomas Hennessy (CEO), Nick Geeza (CFO), and three independent directors.
- Definitive agreement to be signed by Aug 28, closing by Aug 31, 2023, subject to conditions including D&O insurance and underwriting fee waivers.
- Sponsor retains 1,645,398 private placement warrants and 2,217,086 Class B shares after the transfer.

## SEC filing metadata
- accession: 0001193125-23-216641
- form_type: 8-K
- ticker: CDAQF
- cik: 0001851909
- company_name: Compass Digital Acquisition Corp.
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1851909/000119312523216641/0001193125-23-216641-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851909/000119312523216641/d509242d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-216641
- JSON: https://secwatch.observer/filing/0001193125-23-216641.json
- Plain text: https://secwatch.observer/filing/0001193125-23-216641.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.